Рекордные достижения Tornado Cash: объем депозитов почти достиг $1,2 млрд Tornado Cash Sets Record: Deposit Volume Approaches $1.2 Billion

The total amount of deposits in the cryptocurrency mixer Tornado Cash has reached a staggering $1.195 billion. As reported by DL News, the surge in the protocol’s TVL has been attributed to an influx of funds linked to Richard Hart.

«It appears that several large whales are moving everything into Tornado Cash right now,» commented Taylor Monahan, a security researcher at MetaMask, to the publication.

According to her analysis of on-chain data, in recent days over 20 wallets associated with the PulseX exchange have transferred more than 116,000 ETH into the mixer. At current prices, this amounts to approximately $399.5 million or around one-third of Tornado Cash’s TVL.

As per information from the SEC, Hart (whose real name is Richard James Shueler) controls PulseX, the PulseChain blockchain that hosts the platform, and the HEX project. In 2023, the regulator accused the entrepreneur of raising over $1 billion through unregistered cryptocurrency offerings from these entities.

In March 2025, a court ruled that some of the SEC’s arguments against Hart were unproven. Subsequently, the agency decided not to file a new lawsuit.

It is possible that Hart indirectly confirmed the large asset transfers noted by experts through a post on social media X published on November 5.

«This is what wallet observers will be like,» he captioned an image.

In August 2022, the U.S. Office of Foreign Assets Control (OFAC) imposed sanctions on Tornado Cash. Authorities reported that since the service’s inception, criminals have laundered over $7 billion through it. Notably, the protocol was utilized by hackers from the North Korean group Lazarus.

All company assets, user funds, and source code were frozen, and American residents and citizens were prohibited from using the service.

On January 21, 2025, a U.S. appellate court overturned the sanctions citing «overreach» by the OFAC and remanded the case to the district court in Texas for further proceedings. In April, a federal court prohibited the agency from reimposing or applying new restrictions on the mixer.

On May 14, 2024, a Dutch court found Tornado Cash developer Alexey Pertsev guilty of laundering $1.2 billion through the mixer and sentenced him to 64 months in prison. Since then, the developer has been incarcerated. In July, he was denied bail pending an appeal.

In February 2025, his imprisonment was suspended under the condition of electronic monitoring.

On August 23, 2023, the U.S. Department of Justice filed charges of money laundering and sanctions violations against two co-founders of Tornado Cash — Roman Semenov and Roman Storm. The latter was taken into custody.

In August 2025, jurors found Storm partially guilty of conspiracy to operate an unlicensed money transfer business. After the verdict was delivered, the Justice Department announced a halt to prosecutions of developers of DeFi applications under this statute.

It is noteworthy that since December 2024, a «red notice» from Interpol regarding Hart has been in effect at the request of Finnish authorities, who are seeking him for tax evasion and assault charges.